Group 1: Robotics Sector - The robotics sector is experiencing accelerated overseas expansion, driven by technological breakthroughs and profitability improvements, leading to a reassessment of value [1] - Wan'an Robotics focuses on AI embodied robots, achieving a global market share of 11.9%, with over 57% in the Japanese market; Cloudwise Technology leads globally in the number of online service robots in hotels [1] - Geekplus has maintained its position as the global leader in warehouse AMR for six consecutive years, with over 70% of its revenue coming from overseas; companies with core technology, global layout, and improving profitability are expected to see value reassessment [1] Group 2: Solid-State Battery Development - The solid-state battery industry is accelerating, with major companies like CATL, EVE Energy, and BYD advancing pilot lines and sample validations, with some achieving semi-solid mass production [2] - Full solid-state small batch production is expected to begin between 2025 and 2027; the equipment segment is likely to benefit first from this industrialization process [2] - Leading equipment manufacturers are accelerating product validation and customer onboarding, with companies like Xianlead Smart and Winbond Technology providing comprehensive solutions for key processes [2] Group 3: Other Key Sectors - The forklift sector is benefiting from the rapid development of embodied intelligence, with domestic and international forklift companies, e-commerce logistics firms, and robotics companies making strides in intelligent logistics [3] - The export chain is seeing advantages due to the implementation of Vietnam's tariff policy, which enhances regional manufacturing cost differentials, allowing companies with global capacity and brand channel capabilities to improve profitability and market share [3] - The 3C equipment sector is expected to benefit in the short term from innovations in Apple's hardware products, and in the medium term from supply chain security issues driving new capacity in Southeast Asia [3]

Summary of Haimeixing Conference Call Company Overview - **Company**: Haimeixing - **Industry**: Solid-state battery manufacturing, laser technology, photovoltaic industry, and medical devices Key Points Industry and Market Dynamics - Haimeixing benefits from rapid growth in overseas markets, with overseas orders accounting for approximately 60% of total orders, primarily from the Asia-Pacific region, including Southeast Asia and Japan/Korea [2][3] - The company has established four new overseas subsidiaries to enhance customer interaction and efficiency, particularly in Europe, where customer acceptance cycles are about two years [27][23] Financial Performance - As of the end of May, Haimeixing's total order amount reached 4 billion yuan, with the lithium battery business accounting for 70% [7][3] - The company aims for a total order target of 7 to 8 billion yuan for the year, with over 5 billion yuan expected from lithium battery equipment [20][19] - The gross margin for domestic orders is below 25%, while for overseas orders, it is below 35%. This year, the gross margin has improved compared to last year, with domestic margins around 20% and overseas margins around 35% [22][22] Product Development and Technology - Haimeixing is pursuing a dual technology route in solid-state batteries: lithium metal with oxide (in mass production) and sulfide with silicon-carbon anode (in pilot testing) [2][4] - The company has made significant progress in solid-state battery technology, including a partnership with Xinjie Energy for high-energy-density lithium metal solid-state battery production equipment [4][8] - Laser technology is widely applied in solid-state battery manufacturing, including processes like laser baking, self-densification, cleaning, and lithium metal cutting [14][2] Business Segments - The 3C (computer, communication, consumer electronics) and photovoltaic businesses combined account for less than 20% of total orders, while the sheet metal business has seen significant growth, increasing from less than 200 million yuan to over 200 million yuan due to the introduction of high-speed cutting equipment [7][2] - The company is the only one to receive orders for Topcon back contact technology in the photovoltaic sector, with mature technology reserves [29][2] Future Outlook - The solid-state battery market is still in the pilot stage, with full-scale applications expected to take time, particularly for automotive-grade applications [18][34] - The company anticipates that half-solid-state batteries will be used in vehicle applications sooner than full-solid-state batteries, which are expected to be fully integrated by around 2030 [18][34] - The 3C business is expected to grow by 50% to double this year, driven by market share expansion and new technology reserves [32][38] Challenges and Risks - The company faces challenges in cash flow and customer payment timelines, which may impact overall performance this year [39][40] - Downstream capital expenditure willingness remains conservative, with expected pressure in the second half of the year [29][2] Additional Developments - Haimeixing has acquired a Swiss plastic welding company to expand its laser welding applications and has obtained medical device certifications to enter the medical laser field [6][30] - The company is collaborating with a leading dermatology hospital in Shanghai to gather more data for future medical device qualifications [6][30] This summary encapsulates the key insights from Haimeixing's conference call, highlighting the company's strategic positioning, financial performance, technological advancements, and market outlook.

Core Viewpoint - The announcement details the completion of the first vesting period of the 2024 restricted stock incentive plan for HaiMuxing Laser Technology Group Co., Ltd, with a total of 1,154,444 shares set to be listed for trading on June 23, 2025 [1][9]. Group 1: Incentive Plan Approval Process - The company held its third board meeting on February 7, 2024, where it approved the draft of the 2024 restricted stock incentive plan and related management measures [2]. - The supervisory board also convened on the same day to verify the incentive plan and the list of incentive recipients [2]. - The company publicly solicited voting rights from shareholders regarding the incentive plan on February 8, 2024 [2]. - The list of incentive recipients was publicly announced from February 8 to February 18, 2024, with no objections received [3]. - The first extraordinary general meeting of shareholders approved the incentive plan on February 26, 2024 [3]. Group 2: Vesting Details - The first vesting period has been confirmed, with the supervisory board agreeing that the vesting conditions have been met [5]. - A total of 488 individuals are eligible for the stock vesting under this plan [8]. - The total number of shares vested is 1,154,444, which represents approximately 24% of the total shares granted [8]. Group 3: Stock Listing and Changes - The shares will be listed for trading on June 23, 2025, with a total of 1,154,444 shares available for circulation [1][9]. - The company's total share capital will increase from 246,604,600 shares to 247,759,044 shares following this vesting [7]. - The actual controller's shareholding will increase from 2,600,450 shares to 2,636,441 shares, with no change in control [7]. Group 4: Financial Impact - As of the first quarter of 2025, the company reported a net loss attributable to shareholders of approximately -188.80 million yuan, with a basic earnings per share of -0.77 yuan [8]. - The dilution effect on earnings per share will occur due to the increase in total share capital post-vesting [8].

Core Viewpoint - The article emphasizes the significance of solid-state battery equipment in the lithium battery industry, highlighting the technological advancements and market opportunities that companies like HaiMuxing are capitalizing on as the industry transitions towards large-scale production of solid-state batteries by 2025 [1][2]. Group 1: Industry Events - The 18th High-Performance Lithium Battery Industry Summit will be held on June 25-26, 2025, in Changzhou, focusing on the restructuring of the industry chain and the resonance of all-scenario applications [1][3]. - The 2025 High-Performance New Energy Materials Industry Conference will also take place, emphasizing new materials and new dynamics [1]. Group 2: Market Trends and Projections - According to GGII, the production capacity of solid-state batteries has exceeded 50 GWh in the first four months of 2025, with total planned capacity surpassing 450 GWh and actual production capacity exceeding 25 GWh [2]. - GGII predicts that by 2030, the market impact of solid-state batteries on the equipment market will exceed 10 billion yuan, indicating a significant market opportunity [2]. Group 3: Company Developments - HaiMuxing has established itself as a leading supplier of solid-state battery equipment, being the first to commercialize lithium metal high-energy density solid-state battery production lines [5]. - In 2024, HaiMuxing signed a 400 million yuan contract for a 2 GWh automated production line, marking the industry's first full solid-state battery equipment mass production project [5]. - The company has also delivered trial production line equipment for sulfide solid-state batteries to a globally leading new energy technology company, showcasing its technological capabilities [5]. Group 4: Technological Innovations - HaiMuxing's production line for cylindrical batteries achieves a single station efficiency of ≥150 PPM and a line efficiency of 300 PPM, with laser flight trajectory precision controlled within ±0.1 mm [6]. - The company offers a comprehensive solution for lithium battery production, including equipment for coating, cleaning, and module packing, demonstrating its capability for complete line delivery [6]. - HaiMuxing has built a global business network and has successfully secured projects with leading overseas automotive companies and energy storage orders in North America, positioning itself among the top tier of overseas lithium battery equipment suppliers [6].

证券代码：688559 证券简称：海目星 公告编号：2025-031 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为1,154,444 股。 本次股票上市流通总数为1,154,444股。 本次股票上市流通日期为2025年6月23日。 海目星激光科技集团股份有限公司（以下简称"公司"）于近日收到中国证券 登记结算有限责任公司上海分公司出具的《证券变更登记证明》，公司完成了2024 年限制性股票激励计划（以下简称"本激励计划"）第一个归属期归属的限制性股 票股份登记工作。现将有关情况公告如下： 一、本激励计划已履行的相关审批程序 （1）2024年2月7日，公司召开第三届董事会第三次会议，会议审议通过了《关 于<海目星激光科技集团股份有限公司2024年限制性股票激励计划（草案）>及其摘 要的议案》《关于<海目星激光科技集团股份有限公司2024年限制性股票激励计划实 施考核管理办法>的议案》《关于提请股东大会授权董事会办理公司2024年限制性股 票激励计划相关事宜的议案》等。 同日，公司召开第三届监事会第三次会议，审议通过了《关于<海目星激光科技 集团股份有限公司2024年限制性股票激励计划（草案）> ...

Core Viewpoint - The article highlights the launch of three chromatography instruments by Haikejing Medical Technology, a subsidiary of Haomuxing, which enhances domestic capabilities in high-end analytical instruments and provides advanced detection solutions for various industries including clinical diagnostics, environmental monitoring, and food safety [2][4]. Group 1: Product Launch - Haikejing Medical Technology has officially launched three core products: the two-dimensional liquid chromatography instrument, H-1000 liquid chromatography instrument, and H-5000 ion chromatography instrument, marking a significant advancement in China's self-developed high-end analytical instruments [2][3]. - The H-1000 liquid chromatography instrument features an advanced fluid control system and intelligent operation platform, offering high sensitivity, high repeatability, and rapid analysis capabilities, suitable for environmental monitoring and food testing [3]. - The two-dimensional liquid chromatography instrument significantly improves separation efficiency and analytical capability for complex samples, particularly beneficial for clinical in vitro diagnostics such as drug concentration testing [4]. - The H-5000 ion chromatography instrument is characterized by high precision and low detection limits, effectively quantifying anions and cations in environmental water quality, food additives, and pharmaceuticals, aiding in industry compliance monitoring [6]. Group 2: Technological Innovation - The three chromatography instruments have achieved domestic substitution of key components, enhancing industry autonomy. The two-dimensional liquid chromatography instrument employs a three-pump series flow path design and intelligent gradient control technology, significantly improving analytical efficiency [8]. - The ion chromatography instrument utilizes a high-performance, low-pulse PEEK dual-piston constant flow pump, along with a high-precision stepper motor-driven precision ball screw system, enhancing performance, reliability, stability, and durability [8]. Group 3: Future Development and Collaboration - The successful development of these chromatography instruments is a key achievement in the company's strategy of "technology as the core, application as the foundation." The company plans to increase R&D investment and expand applications in life sciences, environmental monitoring, and new materials [9]. - Haikejing Medical Technology has established cooperation intentions with several renowned universities and third-party testing institutions, with some products entering the stage of large-scale production [9].

Core Viewpoint - Chinese laser manufacturing leader HaiMuxing has successfully transitioned its solid-state battery technology from the lab to mass production, positioning itself as a frontrunner in the solid-state battery sector while many global battery giants are still in the experimental phase [1][2]. Group 1: Company Developments - HaiMuxing has confirmed that its solid-state battery production line equipment is not only supplied to Xinjie Energy but also to a "certain globally leading new energy technology company," likely identified as Zhongchuang Xinhang, a top domestic power battery manufacturer [1][2]. - The equipment provided by HaiMuxing covers critical processes in the manufacturing of sulfide solid-state batteries, including coating, rolling, and stacking, indicating the company's strong technical integration and innovative R&D capabilities [1][3]. Group 2: Industry Insights - The industry consensus suggests that the mass production of sulfide solid-state batteries is expected around 2028, and HaiMuxing's recent disclosures indicate that Zhongchuang Xinhang's sulfide solid-state battery technology is advancing towards industrialization faster than market expectations [2]. - HaiMuxing's dual strategy of developing both oxide and sulfide solid-state battery technologies allows it to mitigate risks associated with relying on a single technology path, thus capturing a valuable time window ahead of competitors still in the experimental phase [4][5]. Group 3: Competitive Landscape - The competition in solid-state batteries fundamentally revolves around high-end manufacturing capabilities, with HaiMuxing's successful projects with Xinjie Energy and Zhongchuang Xinhang showcasing its strong technical prowess and commercial expansion abilities [5][6]. - The advancements made by Chinese companies in the core manufacturing equipment segment signal a shift from being followers to becoming peers and even leaders in the future battery industry landscape [6].

当全球多数电池巨头还在固态电池实验室里苦苦攻关时，中国激光智造龙头海目星已悄然将技术蓝图转 化为量产线，在固态赛道上实现开局即领跑。 值得注意的是，海目星此次为中创新航提供的设备清单，直指硫化物固态电池规模化制造的核心痛点与 极高门槛。硫化物电解质虽具备离子电导率高、与电极材料界面相对友好的优点，但其对空气敏感、机 械性能脆弱的特性，使得生产过程中的涂布、复合、辊压等工艺难度远超液态电池或氧化物固态电池。 海目星能够成功交付覆盖这些关键环节的中试线设备，充分说明其依托在激光精密加工、高端自动化装 备领域深厚积累所形成的强大技术整合与创新研发能力，已成功完成蜕变，技术水平已达硫化物固态电 池制造装备领域的全球顶尖地带。 从氧化物到硫化物的"双冠王" 根据此前公告，海目星另外一个重要合作伙伴——欣界能源主要聚焦低空经济领域，走的是氧化物固态 电池路线。其产品凭借自主研发的界面处理技术和固态电解质配方，将单体能量密度提升至 480Wh/kg，性能参数也达到全球领先水平。 去年11月15日，海目星与欣界能源联合开发了全球首款可商用高能量锂金属固态电池"猎鹰"。这款具有 里程碑意义的固态电池已成功应用在低空经济龙头亿航 ...

法律意见书 锦 天 城 律师事务 所 ALLBRIGHT LAW OFFICES 地址:上海市浦东新区银城中路 501 号上海中心 11、12 层 邮政编码:200120 电话: 021-20511000 传真: 021-20511999 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于海目星激光科技集团股份有限公司 2024 年年度股东大会的 上海市锦天城律师事务所 关于海目星激光科技集团股份有限公司 2024 年年度股东大会的法律意见书 致:海目星激光科技集团股份有限公司 上海市锦天城律师事务所(以下简称"本所")接受海目星激光科技集团股份 有限公司（以下简称"公司"）委托,就公司召开 2024 年年度股东大会（以下简 称"本次股东大会")的有关事宜,根据《中华人民共和国公司法》(以下简称"《公 司法》"）、《上市公司股东会规则》等法律、法规和其他规范性文件以及《海目 星激光科技集团股份有限公司章程》（以下简称"《公司章程》"）的有关规定, 出具本法律意见书。 为出具本法律意见书,本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则》等规定,严格履行 ...

证券代码：688559 证券简称：海目星 公告编号：2025-030 海目星激光科技集团股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 5 月 27 日 （二） 股东大会召开的地点：公司会议室（深圳市龙华区观湖街道鹭湖社区观 盛五路科姆龙科技园 B 栋三楼海目星会议室） （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 106 | | --- | --- | | 普通股股东人数 | 106 | | 2、出席会议的股东所持有的表决权数量 | 72,992,731 | | 普通股股东所持有表决权数量 | 72,992,731 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 29.9429 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例 ...